Cash Flow Lending

Decide whether a cash flow loan serves the best interest of your business Ask yourself if it's worth losing a percentage of your profit to have your money in your hands now. If your business gains clients, but you can't afford to hire new staff because you're waiting on invoices, you should look at how a cash flow financing provides you with the means to hire new staff.

I recommend:  Use a cash flow planner to help you know whether cash flow funding solves your business needs. Wells Fargo’s cash flow planner can help you decide. You may prefer to download the cash flow budget worksheet from Biz Owner’s Toolkit.

Use a reputable cash flow lender As new companies enter the field, you need to make sure that you choose a lender with a good reputation. Look for comparable rates and fees with limited oversight from the company.

I recommend:  Read reviews or testimonials when possible. Merchant Resources International (MRI) offers cash flow loans from $4,000 to $500,000 and provides testimonials from actual clients. Read testimonials for Commercial Capital Lending, LLC or pre-qualify online.

Check with the bank that handles your business accounts Many banks now offer cash flow lending as a source of business finance. Your bank already has the financial information it needs to make a commercial cash flow loan decision. Plus it never hurts to be have a relationship with the lender prior to requesting a cash flow loan.

I recommend:  Try Wells Fargo, which has over 3,200 locations in the Mid-west and Western states or Bank of America, which has locations in most states. Financial services vary by region.